date:Jun 04, 2013
on a fight back plan for Britain, where it makes over 60 percent of revenue and profit.
Its turnaround plan has focused on more staff, refurbished stores, revamped food ranges and price initiatives - all aimed at reversing years of underinvestment and halting a loss of share to big four rivals as well as discounters like Aldi and upmarket player Waitrose JLP.UL.
A squeeze on shoppers' incomes, poor weather, Europe's horsemeat scandal and a greater focus than rivals on non-food items are likely